$NEWL looks interesting this morning...huge pre-ma
Post# of 99241
Posted On: 06/05/2014 9:18:53 AM
$NEWL looks interesting this morning...huge pre-market volume:
7:40 am NewLead announces granting of temporary restraining order against Ironridge Global IV, Ltd (NEWL) : Co announced that on June 3, 2014, the Company was granted a Temporary Restraining Order, against Ironridge Global IV, Ltd. prohibiting the further issuance of common shares in payment of dividends on Series A Preference Shares ("Preference Shares"
of NewLead. The TRO is pending the hearing and decision on Petition for Preliminary Injunctive Relief Pending Arbitration.
On June 3, 2014, NewLead filed in the United States District Court, Southern District of New York a Petition for Temporary Restraining Order and Injunction In Aid of International Arbitration Proceedings to prevent the conversion of any Preference Shares of NewLead into NewLead's common shares pursuant to conversion of its outstanding Preference Shares solely held by Ironridge as well as the issuing of any of the Company's common shares to Ironridge.
7:40 am NewLead announces granting of temporary restraining order against Ironridge Global IV, Ltd (NEWL) : Co announced that on June 3, 2014, the Company was granted a Temporary Restraining Order, against Ironridge Global IV, Ltd. prohibiting the further issuance of common shares in payment of dividends on Series A Preference Shares ("Preference Shares"
of NewLead. The TRO is pending the hearing and decision on Petition for Preliminary Injunctive Relief Pending Arbitration. On June 3, 2014, NewLead filed in the United States District Court, Southern District of New York a Petition for Temporary Restraining Order and Injunction In Aid of International Arbitration Proceedings to prevent the conversion of any Preference Shares of NewLead into NewLead's common shares pursuant to conversion of its outstanding Preference Shares solely held by Ironridge as well as the issuing of any of the Company's common shares to Ironridge.
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